Listall example of monopoly market
Examples of monopolies in different industries include:
1. Microsoft: It dominates the computer operating system market with its Windows operating system, making it a monopoly in this area.
2. De Beers: The company controls a significant portion of global diamond production, distribution, and pricing, giving it a monopoly in the diamond industry.
3. Google: It has a near-monopoly in the search engine market, as its search engine is widely used and competitors struggle to gain significant market share.
4. Standard Oil: Once a monopoly in the oil industry in the late 19th and early 20th centuries, it controlled the production, refining, and distribution of oil in the United States.
5. Facebook: It has a virtual monopoly in the social media market, with its platform being the most widely used and dominant in the industry.
6. National Grid: The company has a monopoly on the transmission and distribution of electricity in the United Kingdom.
7. Visa and Mastercard: These two companies have a duopoly in the credit card processing industry, controlling the majority of global payment transactions.
8. Comcast: It is the largest cable television and internet service provider in the United States, creating a regional monopoly in many areas.
9. Pfizer: It held a temporary monopoly through its patent on the drug Viagra, allowing it to set high prices and control the market during that period.
10. Luxottica Group: A major player in the eyewear industry, it owns a large number of popular eyewear brands and also controls the retail distribution, making it a dominant force in the market.